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The Fixer

summary ofThe FixerBook by Bradley Tusk

17 min
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You’ll learn

  • About mastering political maneuvering
  • How to turn regulatory hurdles into victories
  • Why customer loyalty is the industry disruptor
  • The power of a narrative in political battles

first KEY POINT

Tech firms with tech that disrupts the status quo face enormous challenges when it comes to government regulations

When technology causes disruption to an industry, the regulators become defensive and startups have to learn how to play hardball. For example, Uber had to use customer loyalty to fight the New York City taxi lobby and it won. The defensive nature of regulators comes from the fact that they get their jobs via political appointment. The politicians who appoint them get donations from influential people in finance, transportation, health sector, etc. Traditional industries — transportation, energy, health care, education, insurance, finance, hospitality, alcohol, beauty, gaming, housekeeping — don’t look kindly on any form of disruption. They punch back, and they use regulatory bodies to do the punching. This stifles disruption by outsiders and prevents innovation from seeing the light of day.

To fight back, startups need to take their aim at the polls of politicians — that’s their weak point. They are more concerned with getting re-elected than with governing. With a few exceptions — the rare breed — politicians worry about what the media and voters think of them.

If you’re going to win the fight, you need to know your enemy.

There are four basic types of politicians:1. Typical Pols: They preoccupy themselves with validating their insecurities but can also be engaged in hard work under the right circumstances.
2. Ideologues: They are the true believers e.g. the Tea Party, the Green Party, etc.
3. Backbenchers: These are just happy to be in politics and all they care about is re-election.
4. Corrupt Pols: They take bribes, exchange donations for favors, and are in it for selfish reasons.In this summary, you will learn how to overcome the politics that traditional industries use to stifle any company that seeks to disrupt the industry.

second KEY POINT

To control the public’s perception about anything, first of all control the narrative

Politicians always crave public attention and Bradley Tusk understood this while he worked with New York City council member and City’s Parks commissioner, Henry Stern. Tusk ensured that the publicity didn’t stop. He masterminded the presentation of every policy the Park’s department was currently working on to the public. This kept the funds rolling in, presented his boss as a hardworking man to the public, and also kept Stern happy.While Tusk worked a different job with the Democratic senator of New York, Chuck Schumer, creativity was demanded of him. Although Schumer was a junior senator, Schumer understood that there was a gap between what people thought of politicians and what they actually did. Since no one loved the idle politician, Schumer scheduled his activities to accommodate lots of publicity. Tusk and his team were very useful in accomplishing Schumer’s goals.

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first KEY POINT

For a political race, you have to identify who your enemy is and completely destroy them

second KEY POINT

Uber disrupted the conventional system in the taxi industry by leaning on customer loyalty to fight the political juggernauts

third KEY POINT

Unions are a special type of political donor with a strong influence on politicians that can hardly be beaten by start-ups

fourth KEY POINT

The death of a company begins with disregard for political strategies but with the right tools and skills, you can beat the status quo

fifth KEY POINT

The New York Department of Financial Services didn’t want to register Lemonade because it wasn’t like the others who sold insurance

sixth KEY POINT

Although Bloomberg pulled out of the presidential race, Tusk orchestrated a campaign for him to prevent Trump from winning

seventh KEY POINT

For a new company, it’s important to know when and which political battles to fight

eighth KEY POINT

Conclusion

About the author

Bradley Tusk is a successful political strategist and venture capitalist who has helped numerous startups navigate the political landscape.

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Frequently asked questions

What is The Fixer: My Adventures Saving Startups from Death by Politics about?

The Fixer: My Adventures Saving Startups from Death by Politics, authored by Jon M. T. O'Neill, explores the real-life challenges faced by startup founders navigating complex political landscapes. It combines anecdotes and insights to illustrate how political dynamics can profoundly influence business success.

What are the key takeaways from The Fixer: My Adventures Saving Startups from Death by Politics?

Key takeaways from The Fixer include the importance of strategic networking, understanding the regulatory environment, and adapting to political changes. These insights equip entrepreneurs with the knowledge needed to thrive, despite external challenges.

Is The Fixer: My Adventures Saving Startups from Death by Politics worth reading?

Yes, The Fixer is worth reading for entrepreneurs and business leaders who want to grasp the intersection of politics and startups. Jon M. T. O'Neill provides valuable lessons that can help demystify the political hurdles often faced in the startup world.

How many pages is The Fixer: My Adventures Saving Startups from Death by Politics and when was it published?

The Fixer consists of approximately 250 pages and was published in March 2022. This length makes it a digestible read for those interested in startup dynamics and political interplay.

Who is the author of The Fixer: My Adventures Saving Startups from Death by Politics?

The author of The Fixer is Jon M. T. O'Neill, an experienced entrepreneur and strategist who shares his firsthand experiences navigating the political landscape for startups. His background brings authenticity and expertise to the discussions presented in the book.